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H7N9 avian flu was detected in a breeding flock of more than 73,000 chickens at a Tennessee farm that supplies Tyson Foods, and the flock is being destroyed. South Korea, Japan, Taiwan and Hong Kong have limited US chicken imports, and H5N2 was found in a Wisconsin turkey flock.
Trade bans on US chicken and the loss of breeding stock tighten poultry supply and export demand, which is bearish for chicken prices and for feed demand from the poultry sector.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.